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Credit Card Debt Elimination
If you have a large amount of credit card debt, it may seem that
there is no way out from under the financial pressure. Financial
difficulties can affect other areas of your life and cause you a
great deal of worry and stress. The good news is...
Credit card debt management
Credit cards that are used in moderation could be helpful in
managing your finances. This means that splurging through the
use of credit cards is almost financial suicide.
Here are few tips to manage the way you use your credit card...
Do you worry about credit card debt and your card payments?
Do you worry about credit card debt and your card payments? It's one of the most expensive loans we can take out, so why do so many people have credit card balances that they don't pay off each month? Perhaps it's because the application form comes...
Is Debt Elimination One of Your Goals?
Debt elimination should be everyone's goal. But, it is not. Unfortunately, many people live day to day with large debts floating above their heads. Is there any way to get out? The answer is yes. What those who are in debt need to do, though, is to...
The Pros And Cons Of Credit Card Debt Settlement
Are you a self-confessed shopaholic who buys anything and everything that you get your shopping addicted hands on? Such thoughtless and impulsive buying will most likely result in the accumulation of a bunch of junk that will simply collect dust....
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How to NOT go into big debt while building your online business!
Copyright 2004 Tal Fighel
Credit cards can be a great thing for the new online independent business owners who have just started their online venture. They are convenient, easy to use, and are very useful when it comes to taking those small baby steps that a newbie needs to start online.
Here are 5 basic and very important tools that any new person needs to start with:
1. Web hosting
2. Website name registration
3. Auto responder
4. Leads
5. Joining an affiliate program
Once everything is set up and completed, the excitement starts to build and they think about doing some advertising and making some money.
A few days pass. They reach for their credit card and start spending money on all those tempting juicy ads that promises them ‘sales soaring through the roof’ results, without having any idea what they are spending on. They have no plan in place. They never thought about setting a budget.
Once they max out 1 credit card, they are tempted to try other marketing things, which brings them to the point of applying for more cards or using their other cards that they posses.
How do I know this? Well, my story began 2 years ago, when I first started my online business venture. I would listen to everyone on how I should promote my current website of http://www.talfighel.com and the affiliate programs that I was and still am in. I went out and spent lots of money without planning my endeavor.
Solo ads, pay per click, buying leads, membership to this and that. The list goes on.....
To make a long story short, I have maxed out a few credit cards because I was stupid enough to spend money on advertisements without planning my budget. My biggest mistake was that I had no plan in place. I made that mistake, and I am very happy about it because now I can teach you not to make the same heart breaking mistakes.
So, don't spend money that isn't really yours. It is important to spend money that is yours and is within your budget.
You need to plan a monthly budget so that you know what your plan is and you don’t go over it. Remember, if you don’t draw yourself a
monthly game plan, you can get tempted to spend on many things which can cause you to go into a hugh and never ending debt.
The problem with overspending your credit card or cards is that once you get behind, it can take so long to catch up. Knowing that you spent lots of money and you got into more debts, this can be very scary, frustrating, and can make you feel like quitting very fast.
Many people set a budget and stick to it. But somehow others don’t because they find it hard to ignore those juicy advertising words that lets them think that it will bring their efforts excellent or any results.
Now, I am not saying that a credit card is bad for you. You MUST know how to use it the smart way. If you use it the wrong way as I described above, it can mean the difference between success and failure.
So here are 4 easy steps that you can use right now so that you do go in the right direction with your online business, and you don’t go into BIG debts.
1. Here is a quote I use on a daily basis. “If you fail to plan, you plan to fail”. In other words, you should plan what you will be doing and what you are planning to spend each month. If you don’t have a plan, then you can lose a lot of money.
2. Know when to just say ‘NO’. It is tempting and easy to grab a credit card, enter your card number, and click on the “Pay Here” button. I know all about it. So set a monthly budget and stick to it. Period.
3. If your plan of action in advertising does not bring you the results that you were expecting, then revise or change that plan, but stick to your budget.
4. And finally, give your business time to grow and never give up no matter what.
About the author:
Tal Fighel is the editor and publisher of Home Business Tips Newsletter: http://www.talfighel.com/For more comprehensive and useful strategies to make money online, visit here:
http://www.talfighel.com/30daystosuccess.exe
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